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ORDINANCE NO. S'7 N 9- -? 4 <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND <br />TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, <br />AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO <br />KOONTZ - WAGNER ELECTRIC COMPANY, INC. <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Development Commission, <br />hereinafter referred to as "Commission ", pursuant to the provisions <br />of the Public Law No. 182 of the Acts of the General Assembly of <br />Indiana for 1973, as such may be amended from time to time, including <br />but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28, <br />er referred to as the "Act "; and <br />WHEREAS, Koontz- Wagner Electric Company, Inc. has filed an <br />lication with the Commission to finance the acquisition of real <br />state and the construction thereon of an industrial and commercial <br />uilding (facilities) which will constitute economic development <br />ties resulting in a substantial number of new jobs as well <br />as other benefits; and <br />WHEREAS, in connection therewith the Commission has <br />repared and placed on file a report containing the subject matter <br />specified in Section 16 of IC -1973, 18 -6 -4.5 and has forwarded <br />copies thereof to the Chairman of the Area Plan Commission and to <br />Superintendent of the School Corporation in the area of which <br />facilities will be located, and has timely received favorable <br />orts from each of them; and <br />WHEREAS, the Commission held a public hearing on the pro- <br />Dosed financing of such facilities on Q so, 1974, after giving <br />the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5; <br />R <br />- HORNBURG. MCGILL. <br />OEAHL. HARMAN. <br />CAREY & MURRAY <br />